Why does a sports car cost more than a mountain bike?
A) because sports car manufacturers are greedier than mountain bike manufacturers
B) because sports cars are priced higher in order to make them attractive as status symbols
C) because more scarce resources are required to produce a sports car than to produce a mountain bike
D) because mountain bike manufacturers know that their customers have relatively low incomes
C
Economics
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Which of the following is considered an advantage of a sole proprietorship?
A) easy to raise large sums of capital B) limited liability for owner C) profit taxed only once D) permits effective specialization
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For a rational consumer, the consumer's surplus will never be a negative number
a. True b. False Indicate whether the statement is true or false
Economics